How much is car insurance per month?
How much is car insurance per month? The average cost of car insurance per month varies greatly depending on several factors.
How much is car insurance per month?
In the following lines we explain in detail how much car insurance costs per month:
Location:
The cost of car insurance can vary significantly depending on where you live. States like Michigan and Hawaii have the highest average premiums, while states like Maine and Montana have the lowest.
Age:
Younger drivers, especially those under 25, typically pay significantly more for car insurance than older drivers. This is because they are statistically more likely to be involved in accidents.
Driving record:
Drivers with clean driving records will pay less for car insurance than drivers with accidents or other violations on their records.
Credit score:
Your credit score can also affect your car insurance rates. Insurers believe that drivers with good credit are less likely to file claims, so they offer them lower rates.
Type of car:
The make, model, and year of your car can also affect your insurance rates. Sports cars, luxury cars, and high-performance vehicles typically cost more to insure than smaller, less powerful cars.
Coverage level:
The type and amount of coverage you choose will also affect your monthly premium. Full coverage policies, which include collision and comprehensive coverage, will cost more than minimum liability coverage.
Car insurance
Here are some average monthly car insurance rates based on different coverage levels:
Full coverage: $168 per month
Minimum coverage: $52 per month
However, it’s important to remember that these are just averages. The actual cost of your car insurance can vary significantly depending on the factors listed above.
Car insurance in USA
Here’s a breakdown of some national averages:
Full coverage: $168 per month.
Minimum coverage: $52 per month.
Average with good credit: $74 per month.
Average with bad credit: $128 per month.